Tuesday, October 7, 2008

New Deal actually a bad deal? I've been arguing this for a while now...

FDR's Policies Prolonged Depression by 7 Years, UCLA Economists Calculate
There is a growing "new" conservative critique of FDR's New Deal, one that doesn't rely on ideological revulsion so much as cold hard data. This is an example of one such critique. It lends credence to the thesis behind Liberal Fascism's argument that government interference has generally made things worse and not better. Another conservative economic critique of FDR's policies can be found in Great Myths of the Great Depression (I assign this one to my students as an anodyne to the rah-rah-"if-anything-the-New-Deal-was-too-conservative" line taken in my main textbook. )

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